Today, we continue the life insurance series with the valuable background of whole life insurance. Exciting stuff!

This show is an introduction to the various product features and design ideas. We cover:

• Ordinary life insurance
• Limited pay life insurance
• Cash values
• Policy loans
• Nonforfeiture or Surrender Options:
  • Surrender for cash value
  • Reduced amount of paid-up whole life
  • Paid-up term
• Annuity or retirement income
• Policy conversion
• Participating versus nonparticipating policies
• Policy dividend options
  • Cash
  • Applied to premium
  • Used to purchase more insurance (fully paid up)
  • Left with insurer to earn interest
  • Used to purchase more insurance (term)
  • To overpay premiums until policy is fully paid up

Enjoy the show!

Joshua

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